Parnassus Core Select ETF (NYSE:PRCS) Sees Significant Increase in Short Interest

Parnassus Core Select ETF (NYSE:PRCS) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 23,369 shares, an increase of 129.6% from the September 15th total of 10,180 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,814 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Parnassus Core Select ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PRCS. Balefire LLC bought a new position in Parnassus Core Select ETF in the third quarter valued at about $483,000. Apella Capital LLC boosted its stake in shares of Parnassus Core Select ETF by 14.6% during the second quarter. Apella Capital LLC now owns 9,865 shares of the company’s stock valued at $281,000 after purchasing an additional 1,256 shares in the last quarter. Financial Insights Inc. boosted its stake in shares of Parnassus Core Select ETF by 14.9% during the first quarter. Financial Insights Inc. now owns 132,218 shares of the company’s stock valued at $3,305,000 after purchasing an additional 17,119 shares in the last quarter. Modern Wealth Management LLC bought a new stake in shares of Parnassus Core Select ETF during the first quarter worth about $288,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Parnassus Core Select ETF during the first quarter worth about $948,000.

Parnassus Core Select ETF Stock Performance

Shares of PRCS traded down $0.30 during trading hours on Wednesday, reaching $29.03. The stock had a trading volume of 26,072 shares, compared to its average volume of 36,357. Parnassus Core Select ETF has a 12 month low of $24.22 and a 12 month high of $29.96. The stock has a market capitalization of $179.98 million, a PE ratio of 31.55 and a beta of 0.88. The company’s 50-day moving average is $29.05 and its two-hundred day moving average is $28.12.

Parnassus Core Select ETF Company Profile

The Parnassus Core Select ETF (PRCS) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in a concentrated portfolio of 20-30 large-cap US equity securities. The fund focuses on both value and growth stocks, emphasizing strong financials and sustainable business practices while seeking to minimize exposure to market risk PRCS was launched on Dec 12, 2024 and is issued by Parnassus Investments.